In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, 2018, injected the sum of $210million into the inter-bank Foreign Exchange Market to boost liquidity…
Read More Forex: Inter-Bank sector gets $210m
Category: Business
Shell, Eni trial on Nigeria corruption re-adjourned to June
Emeka Ejere| The trial of top executives from oil majors Eni and Shell over alleged corruption in Nigeria kicked off on Monday with a brief procedural hearing and a decision…
Read More Shell, Eni trial on Nigeria corruption re-adjourned to June
NCAA suspends First Nation Airline’s operation
Emeka Ejere| The Nigerian Civil Aviation Authority (NCAA) has suspended the Air Operators Certificate (AOC) of First Nation Airways indefinitely over “unauthorised and illegal operations”. NCAA Spokesman, Sam Adurogboye, said…
Read More NCAA suspends First Nation Airline’s operation
How states withdrew N593bn from federation account in 3 months
Emeka Ejere| The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter of 2018. The breakdown…
Read More How states withdrew N593bn from federation account in 3 months
Nigeria capital inflow hit $6.3b in Q1 driven by foreign investors
Emeka Ejere| Capital inflow into Nigeria rose almost sixfold in the first quarter compared to a year ago, following last year’s liberalisation of the currency for foreign investors and steps…
Read More Nigeria capital inflow hit $6.3b in Q1 driven by foreign investors